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5 Best Performing Energy Stocks In 2023

In this piece, we will take a look at the five best performing energy stocks in 2023. For a deep dive into the energy industry and some recent trends, take a look at the 10 Best Performing Energy Stocks In 2023.

5. Ultrapar Participações S.A. (NYSE:UGP)

Year To Date Share Price Gains: 130.73%

Ultrapar Participações S.A. (NYSE:UGP) is a Brazilian downstream oil supply firm that markets and sells the products to consumers. During its third quarter earnings call, the firm’s management shared that favorable inventory adjustments and supply stabilization contributed to a triple digit operating income growth.

Insider Monkey’s third quarter of 2023 survey of 910 hedge funds revealed that nine had bought and owned Ultrapar Participações S.A. (NYSE:UGP)’s shares. In the same quarter, its biggest hedge fund investor was Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital due to its $11 million stake.

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4. Dorian LPG Ltd. (NYSE:LPG)

Year To Date Share Price Gains: 131%

Dorian LPG Ltd. (NYSE:LPG) is an American liquefied natural gas (LPG) transportation firm. The firm impressed its investors with its growth trajectory in its financial results for the quarter ending in September as its revenue grew by 90% annually on the back of higher rates and fleet expansion.

During the same quarter, 16 out of the 910 hedge funds surveyed by Insider Monkey were the firm’s investors. Dorian LPG Ltd. (NYSE:LPG)’s largest shareholder in our database during Q3 was Jim Simons’ Renaissance Technologies as it owned $9.2 million worth of shares.

3. Geospace Technologies Corporation (NASDAQ:GEOS)

Year To Date Share Price Gains: 205%

Geospace Technologies Corporation (NASDAQ:GEOS) is a specialized industrial company that sells products that enable oil drilling companies to map out their fields. The firm was eager to tout its fiscal year 2023 as some of the best on record, as it turned a loss into a profit and delivered the highest revenue ($124.5 million) since 2014.

As of September 2023 end, four among the 910 hedge funds tracked by Insider Monkey had held a stake in Geospace Technologies Corporation (NASDAQ:GEOS). Paul Marshall and Ian Wace’s Marshall Wace LLP owned the biggest stake in September 2023 courtesy of its $662,613 investment.

Follow Geospace Technologies Corp (NASDAQ:GEOS)

2. NGL Energy Partners LP (NYSE:NGL)

Year To Date Share Price Gains: 260%

NGL Energy Partners LP (NYSE:NGL) is an American oil and gas storage and transportation company. Like some other oil companies, it also benefited from higher oil prices in its third quarter which contributed to an operating income growth.

Insider Monkey’s Q3 2023 survey of 910 hedge funds for their second quarter of 2023 shareholdings revealed that two were the firm’s shareholder. During Q3, the biggest investor in NGL Energy Partners LP (NYSE:NGL) was Phil Frohlich’s Prescott Group Capital Management which owned $207,000 worth of shares.

Follow Ngl Energy Partners Lp (NYSE:NGL)

1. Prairie Operating Co. (OTC:PROP)

Year To Date Share Price Gains: 575%

Prairie Operating Co. (OTC:PROP) is an American oil company headquartered in Oklahoma City, Oklahoma. It has rights to roughly 37,000 acres of land in one of America’s fastest growing oil exploration regions, the DJ Basin in Colorado. The firm believes that by scaling up its operations in the area, it can increase production from 10,000 barrels of oil equivalent per day in 2026 to 17,000 by 2032.

While new oil exploration regions are tricky with risks of never pumping out the black gold, Prairie Operating Co. (OTC:PROP) can take solace in knowing that development activity in the region is picking up with big ticket names such as Chevron and Occidental operating in the DJ Basin.

You can also take a look at Citadel Stock Holdings: 12 Biggest Energy Stocks and 23 Richest Countries in Asia by GDP Per Capita in 2023.

Disclosure: None. This is a paid sponsored article and is not intended to be investing advice. Even though the author received no additional compensation for this piece except for what is typically made by Insider Monkey, we don’t guarantee the accuracy of the statements made in this article. Insider Monkey will receive $1000 from Prairie Operating Co. or its agency for producing and publishing this article. Other than this compensation, Insider Monkey and its principals are not affiliated with Prairie Operating Co. and have no ownership in PROP. Insider Monkey doesn’t recommend purchase/sale of any securities, cryptocurrencies, or ICOs. Please get in touch with a financial professional before making any financial decisions. You understand that Insider Monkey doesn’t accept any responsibility and you will be using the information presented here at your own risk. You acknowledge that this disclaimer is a simplified version of our Terms of Use, and by accessing or using our site, you agree to be bound by all of its terms and conditions. If at any time you find these terms and conditions unacceptable, you must immediately leave the Site and cease all use of the Site.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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